EPC firm Lumino Industries files DRHP for Rs 1,000cr IPO

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... EPC firm Lumino Industries files DRHP for Rs 1,000cr IPO
PTI News
Dated:- 21-1-2025
PTI
Kolkata, Jan 21 (PTI) Lumino Industries, an EPC company specialising in conductors, power cables, a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nd power EPC projects, has filed its draft red herring prospectus (DRHP) with SEBI to raise Rs 1,000 crore through an initial public offering (IPO). The IPO comprises a mix of a fresh issue of shares .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... worth Rs 600 crore and an offer-for-sale (OFS) of Rs 400 crore by promoters. A portion of the offer will be reserved for the eligible employees under the employee reservation portion. In addition, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the Kolkata-based company, in consultation with the book-running lead managers (BRLMs), may consider a pre-IPO placement of equity shares aggregating up to Rs 120 crore. The company will use Rs 420 c .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rore proceeds from the fresh issue to reduce borrowing. Only a meagre amount of Rs 15 crore will go for capex while the rest will be used for general corporate purposes. The IPO will carry a face va .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... lue of Rs 5 per equity share. PTI BSM SBN SBN
News - Press release - PIB .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X